New Delhi: The Rs 11,400-crore fraud in Punjab National Bank (PNB) came to light because of the government's pressure to clean up the banking system, Financial Services Secretary Rajiv Kumar said today after updating Finance Minister Arun Jaitley on the case.
DEL59 BIZ-LD EXPORTS
New Delhi: India's exports grew by 9 per cent to USD 24.38 billion in January, helped by a healthy growth in shipments of chemicals, engineering goods and petroleum products, even as the trade deficit widened to an over three-year high.
New Delhi: The Punjab National Bank (PNB) today said it will take all possible action against the wrong doers in the Rs 11,400-crore Nirav Modi fraud case, which started in 2011.
DEL39 BIZ-LD STOCKS
Mumbai: Benchmark Sensex rebounded by over 140 points today on value buying by investors amid encouraging inflation data.
New Delhi: The government will change the base year to 2017-18 for the calculation of GDP and IIP numbers while for retail inflation the year will be revised to 2018, Union minister D V Sadananda Gowda said today.
New Delhi: Inflation based on wholesale prices eased to a six-month low of 2.84 per cent in January on cheaper food articles even as vegetable prices continued to rule high.
DEL54 BIZ-RUPEE CLOSE
Mumbai: Extending gains for the third straight session, the rupee today advanced by 18 paise to close at 63.91 per dollar on sustained selling of the American currency by exporters and banks.
New Delhi: Gold surged by Rs 350 to Rs 31,650 per ten gram at the bullion market today, tracking a firm trend overseas amid increased buying by local jewellers.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)